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An affidavit of execution consists of three key components: the preamble, the body, and the jurat. The preamble is the introductory section, while the body is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs and has their signature commissioned by a commissioner for oaths. Formatting the jurat can be made easier by using a table feature, as explained in the accompanying video. This type of affidavit is widely used for various applications, particularly when someone needs to sign a document that requires their signature to be officially commissioned.